A movie production studio incurred the following costs related to its current movie: A. Purchased office supplies

Question:

A movie production studio incurred the following costs related to its current movie:

A. Purchased office supplies on account: $33,000

B. Issued direct supplies: $22,512

C. Issued indirect supplies: $7,535

D. Time tickets showing direct labor: $32,503,230

E. Time tickets showing indirect labor: $574,326

F. Utilities expense on account: $957,323

G. Overhead applied: 10% of direct labor cost

Create journal entries for the listed transactions.

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Principles Of Accounting Volume 2 Managerial Accounting

ISBN: 9780357364802

1st Edition

Authors: OpenStax

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Question Posted: Jul 21, 2023 11:29 PM

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A movie production studio incurred the following costs related to its current movie: A. Purchased office supplies

Question:

Step by Step Answer:

Here are the journal entries for the listed transactions Date Account Title and Explanation Debit Credit Transaction A Office Supplies Inventory 33000 ...View the full answer

Principles Of Accounting Volume 2 Managerial Accounting

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